RNMN vs SPCZ
RiverNorth Market Neutral ETF vs RiverNorth Enhanced Pre-Merger SPAC ETF
Which is better, RNMN or SPCZ?
SPCZ has been ahead.
RNMN has a lower expense ratio. SPCZ led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RNMN | SPCZ |
|---|---|---|
| Expense Ratio | 0.59%Best | 0.90% |
| AUM | $7M | $7M |
| Dividend Yield | 9.66% | 9.67% |
| Holdings | 177 | 171 |
| Volatility (annualized) | - | 6.5% |
| Max Drawdown | - | -12.3% |
| Fund Family | TrueShares | RiverNorth |
| Category | Equity | Equity |
| Style | Small Cap Growth | Small Cap Growth |
| Inception | Jul 11, 2022 | Jul 11, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), $10,000 over the window, Top 10 Weight.
The two price series end 98 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. RNMN has data through Oct 14, 2026 and SPCZ through Jul 8, 2026.
Fees and Cost Over Time
RNMN charges 0.59% per year while SPCZ charges 0.90%. On a $10,000 position that is $59 vs $90 annually, a gap of $31 per year that compounds over a long holding period. On income, RNMN currently yields 9.66% against 9.67% for SPCZ.
Holdings Overlap
At least 22.6% of RNMN's money is in holdings SPCZ also owns.
Stated as a floor: for SPCZ, our book for it covers 94.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
RNMN and SPCZ share little of their money.
The two holdings books were reported 200 days apart, RNMN as of Sep 15, 2026 and SPCZ as of Feb 27, 2026, so some of the difference between them is the time between the two reports rather than the funds.
33 positions in common, counted across the 89 positions we hold weights for in RNMN and 87 in SPCZ, against full books of 177 and 171.
Top Shared Holdings
| Stock | Weight in RNMN | Weight in SPCZ | Difference |
|---|---|---|---|
| GRAFGraf Global Corp | 2.63% | 3.21% | 0.58% |
| BIXIUBitcoin Infrastructure Acquisition | 2.03% | 2.51% | 0.48% |
| SUMAUSuma Acquisition Corp | 2.00% | 2.50% | 0.50% |
| QUMSU:KYQuantumsphere Acquisition Corp | 1.32% | 1.60% | 0.28% |
| LPBBLaunch Two Acquisition Corp | 1.31% | 1.59% | 0.28% |
| KOYNCslm Digital Asset Acquisition | 1.30% | 1.59% | 0.29% |
| MBVIM3-Brigade Acquisition Vi Corp | 1.30% | 1.59% | 0.29% |
| ALDFU:KYAldel Financial Ii Inc | 1.30% | 1.58% | 0.28% |
| GIWWUGigcapital8 Corp | 1.30% | 1.58% | 0.28% |
| APACStonebridge Acquisition Ii Cor | 1.29% | 1.57% | 0.28% |
22.6% of RNMN is already inside SPCZ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RNMN or SPCZ?
RNMN has an expense ratio of 0.59% while SPCZ charges 0.90%. RNMN is the cheaper option, by $31 a year on a $10,000 investment.
What is the holdings overlap between RNMN and SPCZ?
At least 22.6% of RNMN's money is in holdings SPCZ also owns. Our book for SPCZ is partial, so the real figure is this or higher. They hold 33 positions in common, counted across the 89 positions we hold weights for in RNMN and 87 in SPCZ.
Which pays a higher dividend, RNMN or SPCZ?
RNMN yields 9.66% while SPCZ yields 9.67%, so SPCZ currently pays the higher dividend yield.
Is SPCZ better than RNMN?
RNMN has a lower expense ratio. SPCZ led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.